27 April, New Delhi
Parliamentary Standing Committee has recommended that the Petroleum and Natural Gas Ministry prepare a blue print to improve the production and supply of natural gas in the country to meet the domestic demand.
In a report on allocation and pricing of gas tabled in the Lok Sabha Monday, the committee expressed concern and noted that the petroleum ministry is altogether silent on the efforts being made to increase the natural gas production from existing fields or new discoveries in the country.
”The Committee is dissatisfied that Ministry of Petroleum and Natural Gas has no blue print as yet to improve the production of the natural gas to meet the growing demand, the report said.
The Committee also wanted the government to expedite the finalisation of trans-border TAPI pipeline project by impressing upon the participating countries in this regard.
On the huge mismatch on allocation and actual production of gas from KG-D6 basin, the Committee urged the ministry to be more prudent in their future allocations so as to reduce the variation.
The Committee, in its report, recommended that the gas price formula proposed by the Rangarajan Committee be thoroughly reviewed and reconsidered. It also suggested that gas pricing formula of Russia could be incorporated as one of the reference price formula.